BRAZIL MINERALS, INC. ANNOUNCES CONTINUATION OF PROGRESS IN
OPERATIONS & APPOINTMENT OF DIRECTOR OF COMMUNICATIONS
PASADENA, CA -- November 16, 2016 -- InvestorsHub NewsWire --
Brazil Minerals, Inc. (OTC: BMIX) (the "Company" or "BMIX")
announced today its operations have been producing gold from fine
alluvial material. Three pieces of equipment will be added to the
small-plant circuit that recovers gold to permit much thicker
material containing gravel, clay and stones to be processed as
well. One of such machines is a large vibrating screen, acquired
last week after an extensive search; its photograph after arrival
is attached to the version of this press release posted on the
Company's website (www.brazil-minerals.com).
The other two pieces of equipment to be added will be a jig for
separation of material containing diamonds and a large stone
removal screen, to filter these out at the beginning of the process
before they damage the next machine in the line. Loading to this
circuit is by delivery from an excavator or a wheel loader. A
photograph of how particulate gold appears after recovery from the
current circuit is attached to the version of this release posted
on the Company's website.
In other news, the Company has solicited and is evaluating
proposals to identify and quantify the gold mineralization
contained in its multiple areas in the Jequitinhonha River basin,
in studies to be done in a manner compliant with Industry Guide 7,
the U.S. regulatory mining guidelines. These proposals come from
two highly experienced geologists including one from a top mining
consultancy, both Qualified Persons as such term is used for
geological reporting under Canada's NI 43-101 regulations.
In further news, the Company's Hercules brand of mortar is now
being sold in 15 retail stores in the cities of Montes Claros and
Bocaiuva. Demand is increasing as the Brazilian economy seems to be
getting out of its worst recession in decades.
Additionally, the Company has appointed Peter K. Goldy as
consultant in charge of the newly-created position of Director of
Communications. Brazil Minerals is in full pursuit of the
activities described in this and prior filings and releases, and
its small team is handling a number of such items simultaneously.
Therefore, the Company felt appropriate that shareholders have
access to a dedicated contact person who is based in the U.S. Mr.
Goldy is a significant investor in Brazil Minerals. He will be
available by telephone weekdays between 11 AM and 6 PM, Pacific
Time, and on weekends and holidays by appointment.
About Brazil Minerals, Inc.
Brazil Minerals, Inc. (OTC: BMIX) is a producer of diamonds,
gold, sand and industrialized mortar. Through various subsidiaries,
consolidated in our financial statements, we have title to 38
mineral rights for gold, diamonds, manganese and sand, including 10
mining concessions for gold and diamonds, the highest level of
right to mine in Brazil; the total surface area of these mineral
rights is 218,525 acres or 440 square miles. More information on
BMIX is at www.brazil-minerals.com.
Safe Harbor Statement
This press release contains forward-looking statements made under
the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward looking statements are based
upon the current plans, estimates and projections of Brazil
Minerals, Inc.'s management and are subject to risks and
uncertainties, which could cause actual results to differ from the
forward looking statements. Such statements include, among others,
those concerning market and industry segment growth and demand and
acceptance of new and existing products; any projections of
production, reserves, sales, earnings, revenue, margins or other
financial items; any statements of the plans, strategies and
objectives of management for future operations; any statements
regarding future economic conditions or performance; uncertainties
related to conducting business in Brazil, as well as all
assumptions, expectations, predictions, intentions or beliefs about
future events. Therefore, you should not place undue reliance on
these forward-looking statements. The following factors, among
others, could cause actual results to differ from those set forth
in the forward-looking statements: business conditions in Brazil,
general economic conditions, geopolitical events and regulatory
changes, availability of capital, BMIX's ability to maintain its
competitive position and dependence on key management. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy any security and shall not constitute an offer,
solicitation or sale of any securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
Contact:
Peter K. Goldy
Director of Communications
Brazil Minerals, Inc.
(213) 590-2500
info@brazil-minerals.com
www.brazil-minerals.com